Mo. Senate passes sports tax incentive bill

The Missouri Senate has passed a pair of bills authorizing incentives for big-time time sports events and re-instating tax credits for certain charitable organizations.

Senators voted 28-4 Thursday for legislation that would reimburse sponsors of sporting events with $5 for every ticket sold. Republican Sen. Eric Schmitt, of suburban St. Louis, says the incentive would help Missouri compete with other states for athletic tournaments.